Global Construction Chemicals Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Construction Chemicals Market was worth US$ 35,764.0 Mn and is expected to grow at a CAGR of 7.4% over the forecast period. While the historical CAGR is 5.8%, the market is expected to hit US$ 73,027.9 Mn by 2032 end.

Construction activities involve the use of specialized chemical compounds known as construction chemicals. These substances are added to building materials, including cement, concrete, coatings, and others, accelerating construction work, providing great strength and durability, and providing additional protection from environmental threats.

Major applications of construction chemicals include improving concrete performance and reducing the need for water and cement during construction activities.

ChemView Consulting has analyzed that the main drivers of adopting construction chemicals, particularly for building activities, are the growing awareness of the environmental risks posed by conventional buildings and changes in government legislation worldwide.

Environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection are priorities for major construction chemical industry players.

The building chemicals industry is developing a wide range of solutions, such as small changes to conventional materials and the development of new material assemblages, to emphasize multifunctional properties and significantly support unique materials with a variety of uses.

Market Dynamics

AWARENESS REGARDING GREEN CONSTRUCTION  SIGNIFICANTLY IMPACTS THE MARKET

The main drivers of the adoption of construction chemicals, particularly for building activities, are the growing awareness of the environmental risks posed by conventional buildings and changes in government legislation worldwide. Major participants in the building sector are concentrating on green and sustainable materials for underground structure protection, polycarboxylate ether-based green admixtures, thermal insulation, overall building protection, cool roof treatments, and other topics essential for sustainability.

GOVERNMENTAL REGULATIONS IS HAMPERING THE MARKET GROWTH

Construction activities involve using chemicals that could produce dangerous VOCs, resulting in widespread health issues such as skin irritation, asthma, nausea, dizziness, migraines, and eye irritation. Harmful VOCs like formaldehyde, acetone, and butanol are released through solid wood, caulking sealant, floor wax, and many construction chemicals used in residential construction. Government rules prohibiting excessive use of construction chemicals because of VOC emissions are barriers to the market’s expansion.

Market Segments Covered in Report

By Type:

• Concrete Admixtures
• Flooring Chemicals
• Waterproofing Chemicals
• Repair & Rehabilitation Chemicals
• Others

By Application:

• Residential
• Non-Residential

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why do Concrete Admixtures expect to dominate the global mark during the projection period?

In construction, cement is frequently employed as a binding agent. Concrete is made by mixing cement in measured amounts with sand, water, and crushed rock. The addition of concrete admixtures then enhances the characteristics of concrete. They offer advantages, including a low cement water ratio, accelerated setting time, reduced segregation, and increased permeability.

The rising utilization of concrete admixtures, which is driving the expansion of the construction chemicals market, is a result of the expanding building industries in China, India, the United Kingdom, and Germany.

Why is it anticipated that Residential Segment would be the most popular and rapidly expanding application?

The residential market is incredibly fragmented, and rising urbanization has led many consumers to move into metropolitan areas. This market’s expansion is anticipated fuelled by shifting lifestyles, fast urbanization, rising living standards, and a rising desire for attractive residential constructions.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• Due to the expanding construction industries in India, China, South Korea, and Japan, the Asia Pacific region dominated the market with a 4% share. China is a large consumer of building chemicals due to its rapidly rising population. The need for construction chemicals is also expanding thanks to increasing industrialization.
• The European residential market, which encompasses middle-class, affluent, and affordable homes, is the main driver of the construction chemical industry. The market is growing quickly for penthouses, apartments, bungalows, and villas with amenities and upscale designs.

Competition Analysis

To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.

The leading companies in this space mostly employ acquisition and growth strategies to boost their market share in the construction chemicals industry.

The key developments in the Global Construction Chemicals Market are:

• In July 2021, a deal was made for Saint-Gobain to buy Chryso, a major player in the international market for construction chemicals. The purchase of Chryso matches Saint-strategic Gobain’s ambition of being the global leader in sustainable construction flawlessly. Combined sales of more than €3 billion across 66 countries will increase the Group’s footprint in the developing building chemicals sector.
• In June 2021, with the introduction of a distinctive green product line in the category, JSW Cement, India’s top green cement manufacturer, entered the construction chemical market. JSW Cement now has new chances to connect innovation in concrete mix products with ethical construction thanks to the Construction Chemical category. The business of the corporation will grow as a result of this development.
• In October 2020, after being purchased by a Lone Star affiliate, the BASF construction chemicals company was acquired by MBCC Group. Over the past 18 months, MBCC Group has separated from BASF Group and is now an independent company. The company will be able to satisfy customer demand for the construction industry thanks to this acquisition.

A list of some of the key suppliers present in the market are:

• Build Core Chemicals
• Croda International Plc
• ACC Limited
• Evonik
• BASF SE
• Fosroc, Inc.
• CHRYSO
• SWC Brother Company Limited.
• Sika AG
• 3M Compan
• The DOW Chemical Co.
• RPM International Inc.
• Ashland Inc.
• MAPEI
• Akzo Nobel NV
• Arkema SA
• Pidilite Industries
• Covestro AG
• Henkel AG & Co. KGaA
• HB Fuller Company
• Lanxess AG
• The 3M Company
• Wacker Chemie AG
• Huntsman Corporation
• Momentive Performance Materials
• Guangzhou Jointas Chemical Co. Ltd.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.

• Report Includes

  Market Size Data

  • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
  • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
  • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
  • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
  • Incremental dollar opportunity generated in the forecast period would be indicated
  • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

  Market Background

  • Macroeconomic factors that impact the market developments
  • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
  • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
  • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
  • Trade analysis and analysis of key supply and demand hubs
  • Identification of hotbed opportunities existing in the market
  • Porter’s and PEST analysis to understand the business environment of the geography
  • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

  Pricing Analysis

  • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
  • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
  • Cost teardown analysis and key factors impacting pricing

  Value Chain Analysis

  • Country-wise list of raw material suppliers
    • Raw material price trends and buyers’ sentiment
    • Overview of Intelligent Sourcing Technique
    • Raw material procurement requirements
    • Vendor selection criteria
  • Country-wise list of product manufacturers
  • Country-wise list of distributors/traders
  • Country-wise list of end-users
    • End-Users/Customers consumption mapping
    • Key End-Users/Customers client list
  • Country-wise list of other key channel partners
  • Average profitability margins
  • Regional value chain dynamics

  Competition Analysis

  • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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